New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-14
CLOSING PRICES or BOSTON STOCKS
rosros ncc IA 1887.



Thigty-one railroads have reported their gross
earning, for the first week Of December. giving an az
glegate of - 10S 552 against @2343.o37 for the week
of 1S-G-a gain of S454 7l5, or Isl per cent. Inc
Lake Shore and Michigan southern Railways report TO
the New York state Commissioners for IN stacs HScai
year ended September 80, 1857 shows net income for
the twelve months over all first charges and dividends
Oh its guqrantccd stock of over per cent on It's com
mon stock The company ia that time las pad only
per cent dividends Per cent February ID ana =
per August Is, 1857.
The stock speculation to-day nothing more than
rcycion of yesterdays dealings, except In one ma
tcral point. The market opened quiet and steady
and during the first hour the fluctuations we're irr'gn
lar and limited TO small fractions. After that there
was an effort rccoup the short sales OF the last
three four days. and prices sharply advanced al
average Of l per cent without any mate al sue
cess in purchasing back the stocks previously sold The
alliances made easily and 50 rapidly upon
Olnlaravcly small purchases that the hears were
compelled withdraw their purchasing orders and lc-
ccli the only alternative offered them of renew OF
selling orders accompanied 10y the usual manipulation
If washing" pricoS down again. THIS they did and
continued that class Of Opc nations up TO the close oil
business Instead OF a moderate liquidation Of the
large outstanding short interest at one time seemed
to be the probable result OF the days operations tire
short interest largely increased during ato hours
of business seemingly there is market at present
a, the stock Exchange beyond local trading interest,
but nevertheless when the sales Of short stocks are
taken 50 freely with moderate declines In prices as
they have been during the last few days, # must be
admitted that there IS purchasing power under the
surface which sooner latcr Will become factor In
the making of prices. To-day thai power is as much
mystery TO tircd holders Of stocks as II Is 10 the
bears. Tic troting out OF Manhattan Elevated stock
as a consplcuously weak feature not only was ono OF
tactics employed to day to frGhtcn holders OF gen
cra securities but It clearly demonstrated The existence
Of an unnatural alliance. Richmond and West Point
at its reduced vsuo of the strongest stocks of
the day, while Northwestern, -. Paul, Delaware
Lac HAVANA and Western and Louisville and He
In the late dealings cons lcuOusly weak When
~. Paul vas selling under 20 wrote that, while We
had little to say concerning the merits OF the stock
the speculative situation such that the FREQ sellers
that price would probably be buyers Of al much
higher figures thcy have since purchased It at 7Ga17
and again thcy selling IT at per cent below the
prices at which they made the former liquidation Chi
cage and Northwestern IS being sold for the short
count as freely II could be II there question
about continuance Of maintenance OF the present
ratio Of dividends, instead of the fact that those dv
bends could he continued for years Of the
plus earnings Of the last and ehalf years
If during that period the company should only s
first charges. The market closed generally at about
tho figures OF the day, but 1t closed strong.
Government bonds were dull but Oh the Introduction
OF the bill IN Congress 70 authorize tho secretary OF the
Treasury 10 purchase bonds pending legislation 70
ducs ston the bids for the fsurs were advanced
per cent 1t will be remembered that similar nhsip
attempted last september whom the secretary
bends and that he able purchase
S24 900 $50 practically his figures. and that since
the Nstsn al banks OF the country have lrchased
some 81 5000 deposit security for Treasury
deposits Of cash The closing quotations were as follows;